1.
a.Every insurer shall file with the commissioner every manual, minimum, class rate,
rating schedule or rating plan and every other rating rule, and every modification of any of
the foregoing which it proposes to use. Every such filing shall state the proposed effective
date thereof, and shall indicate the character and extent of the coverage contemplated.
b.When a filing is not accompanied by the information upon which the insurer supports
such filing, and the commissioner does not have sufficient information to determine whether
such filing meets the requirements of this chapter, the commissioner shall require such
insurer to furnish the information upon which it supports such filing and in such event
the waiting period shall commence as of the date such information is furnished. Unt
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1. a. Every insurer shall file with the commissioner every manual, minimum, class rate,
rating schedule or rating plan and every other rating rule, and every modification of any of
the foregoing which it proposes to use. Every such filing shall state the proposed effective
date thereof, and shall indicate the character and extent of the coverage contemplated.
b. When a filing is not accompanied by the information upon which the insurer supports
such filing, and the commissioner does not have sufficient information to determine whether
such filing meets the requirements of this chapter, the commissioner shall require such
insurer to furnish the information upon which it supports such filing and in such event
the waiting period shall commence as of the date such information is furnished. Until the
required information is furnished, the filing shall not be deemed complete or available for
use by the insurer.
c. Theinformationfurnishedinsupportofafilingmayincludetheexperienceorjudgment
of the insurer or rating organization making the filing, its interpretation of any statistical data
it relies upon, the experience of other insurers or rating organizations, or any other relevant
factors. When a filing is deemed complete, the filing and any supporting information shall be
open to public inspection.
2. An insurer may satisfy its obligation to make such filings by becoming a member of, or
a subscriber to, a licensed rating organization which makes such filings, and by authorizing
the commissioner to accept such filings on its behalf; provided that nothing contained in this
chapter shall be construed as requiring any insurer to become a member of or a subscriber
to any rating organization.
3. The commissioner shall review filings as soon as reasonably possible after they have
been made in order to determine whether they meet the requirements of this chapter.
4. Eachcompletefilingshallbeonfileforawaitingperiodofthirtydaysbeforeitbecomes
effective, which period may be extended by the commissioner for an additional period not to
exceed fifteen days if the commissioner gives written notice within the waiting period to the
insurer or rating organization which made the filing that the commissioner needs additional
time for the consideration of the filing. Upon written application by the insurer or rating
organization, the commissioner may authorize a filing which the commissioner has reviewed
to become effective before the expiration of the waiting period or any extension of the period.
A filing shall be deemed to meet the requirements of this chapter unless disapproved by
the commissioner before the expiration of the waiting period or an extension of the waiting
period.
5. Under such rules and regulations as the commissioner shall adopt the commissioner
may, bywrittenorder, suspendormodifytherequirementoffilingastoanykindofinsurance,
subdivision, or combination thereof, or as to classes of risks, the rates for which cannot
3 WORKERS’ COMPENSATION LIABILITY INSURANCE RATES, §515A.5
practicably be filed before they are used. Such order, rules, and regulations shall be made
known to insurers and rating organizations affected thereby. The commissioner may make
such examination as the commissioner may deem advisable to ascertain whether any rates
affectedbysuchordermeetthestandardssetforthinsection515A.3, subsection1, paragraph
“b”.
6. Upon the written application of the insured, stating the insured’s reasons therefor, filed
with and approved by the commissioner a rate in excess of that provided by a filing otherwise
applicable may be used on any specific risk.
7. No insurer shall make or issue a contract or policy except in accordance with the filings
whichareineffectfortheinsurerasprovidedinthischapterorinaccordancewithsubsection
5 or 6.
8. If a hearing is requested pursuant to section 515A.6, subsection 7, a filing shall not take
effect until thirty days after formal approval is given by the commissioner.